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Australia’s nature repair market bill will not be re-introduced to parliament until 2024 at the earliest, after the senate committee examining the legislation requested another extension to its reporting deadline.

Winning bids in first generation tender in NSW were pitched at little more than half their levellised cost of energy, while the battery project promised a lot more storage.

The post Secrets of success revealed in NSW wind, solar and eight hour battery bids appeared first on RenewEconomy.

The Snowy 2.0 reset report has been comprehensively redacted, offering little insight into the project's doubling of costs.

The post Truth behind Snowy 2.0 cost blowout buried with Florence, Senate Estimates hears appeared first on RenewEconomy.

Federal government opens consultation on Australia’s fifth offshore wind energy development zone, off the north coast of Tasmania in the Bass Strait.

The post New offshore wind zone mapped out off north coast of Tasmania appeared first on RenewEconomy.

Paul Barrett says company working to produce commercial-scale electrolysers could achieve one gigawatt of capacity within years

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The chief executive of an Australian company that builds commercial-scale electrolysers to split water into hydrogen and oxygen will join a business delegation accompanying the prime minister’s four-day official visit to the US to explore clean energy opportunities created by the Biden administration’s US$369bn Inflation Reduction Act.

Paul Barrett, the chief executive of Hysata, says the company expects to ramp up to as much as one gigawatt of capacity annually within years.

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A groundbreaking analysis, the first of its kind to globally count and map different tree leaf types, has revealed that needle-leaf evergreen trees make up the largest share of the world's tree population, but broadleaf evergreen trees contribute the most to fighting climate change.

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Two speculative entities have filed appeals to the Washington Department of Ecology (ECY) after the agency prevented them from participating in past cap-and-invest auctions, a media outlet reported Monday, adding to the department’s growing legal challenges to its WCI-modelled carbon market.

Numerous obstacles are currently preventing US agriculture and forestry sector stakeholders from participating in the voluntary carbon market, though the federal government can take several steps to support the development of the space, according to a Department of Agriculture (USDA) report published Monday.

The Washington Department of Ecology (ECY) on Monday provided an overview of potential alterations to its cap-and-trade system it may request should the agency decide to link with the broader California-Quebec market, including revisions to auction purchase limits, offset eligibility, and electricity emissions reporting.

A treaty promising to plant 100 million native trees across southern and southeastern Brazil and create a self-regulatory carbon market, potentially with sectoral emissions limits, was signed by seven states at an annual meeting in Sao Paulo on Saturday.

Some solar projects haven't been able to get the kind of insurance coverage they've wanted, particularly in regions seen to be more affected by hail storms. 

The post Australian solar projects face insurance crisis as climate impacts take hold appeared first on RenewEconomy.

Shimmering bodies of water have appeared in the sand dunes of the recently reopened national park after a summer deluge

After months of closure, visitors to Death Valley national park are being greeted by stunning new features, including lakes left behind by a ferocious summer deluge.

The park reopened last week after being shuttered in August, when a record-breaking tropical storm unleashed a year’s worth of rain in a single day.

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RGGI Allowances (RGAs) climbed upwards following a period of market stagnation as the benchmark contract neared a record high, although market participants did not anticipate prices surpassing the impending Cost Containment Reserve (CCR) trigger level in the near term.

For some countries, climate change has already pushed most of their territory into a different climate zone. Our research shows what’s already happened – and what’s yet to come. Albert Van Dijk, Professor, Water and Landscape Dynamics, Fenner School of Environment & Society, Australian National University Hylke Beck, Assistant Professor, King Abdullah University of Science and Technology Pablo Rozas Larraondo, Research fellow, Australian National University Licensed as Creative Commons – attribution, no derivatives.

A centralised private sector biodiversity fund could help achieve global nature targets without the need to develop biodiversity credit mechanisms, according to a research group. 

Demand continued to diverge in the voluntary carbon market over the past week, with some corporates seeking cheap REDD avoided deforestation credits, while others eye ACR-certified units eligible for the first phase of the CORSIA international aviation offsetting scheme, which are expected to obtain corresponding adjustments.

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